Member Info for middleEastMoney

Hi Keith,

With the numbers you quote, not only is there a sizeable probable cost implication, this sounds logistically challenging.

A very large bulk/weight to move, customs clearance/delays, possibly shipping of hazardous materials, transport delays etc.

Sorting this out on the cheap, yet balanced with a speedy resolution sounds like a massive challenge.

MEM

Anyone new, looking at investing after suspension lifted….

Today, the Group has a retail footprint of c.15,000 doors across leading retail chains in the UK, USA and other international markets. Revolution Beauty has access to a wide customer base, predominantly aged between 16 and 35, through its digital partners and own DTC platform. It has established and invested to streamline its supply chain with its own manufacturing facility in the UK, and third-party warehousing facilities across the UK, USA and Australia. The Group has offices in the UK, USA, New Zealand and Germany. Revolution Beauty currently employs 411 people.



The total mass beauty market was worth $219bn in 2019 and is expected to grow to $274bn over the next 3 years, driven by a new marketing era dominated by Social Media and influencers. Revolution Beauty has been a leading innovator building a significant global following across social channels, enabling it to spot trends and respond quickly to consumer demand.



Revolution Beauty strategy



Revolution Beauty Group is disrupting the traditional beauty market through products that are more accessible to more people. Through its digital-first strategy, Revolution Beauty brings trend-led products to market faster than competitors. We invest in innovative marketing strategies designed to appeal to a wider audience, and offer products combining quality, inclusivity, innovation and affordability.

Follow the money

I took a small position, news in the form of an interview will steady the SP, and any JV news will propel the SP towards 20p.

Little downside whilst we await news.

Imagine what the SP will do ??!!

Small position

Nm

Previous values attached per bcf, given that PG now thinks a deeper, broader structure(s) under greater pressure, volume now likely to be somewhat bigger.

Running my calculator across various changeable inputs produces some likable figures, not only SP but income and possible dividend.

Then there is the oil, obviously likely to change the story and the outcome in a positive way.

We await news re Mud vs additive, likely cost and timescale to move to site and possible small placing.

Trying to be optimistic, 19 trading days left until a hopeful update, maybe a tad earlier, maybe in to the first few days of March, BDO running the final stages of a 3 legged race, a pencil up each nostril, pants on their head, shouting wibble and where is my abacus ? then a RNS, trading resumes with a trading update, and BOO make a move…….

Thank heavens we can all move forward :)

Keep the faith

We need more detail, plus the elephant in the room, finance? Placing then RBL is my guess.

A clear unambiguous statement is what is required

Maybe state exactly what you mean, leaving zero room for interpretation.

Well perhaps your criticism should be directed at GRH not me

Interesting how no one criticises GRH for his comments’ one of THE great hydrocarbon fields of the world’

What on earth do you think he means, or was his statement just a joke!!!

Some of you are VERY strange

If GRH is correct, that would mean PRD expect to find 150 tcf+

Lets get past the technical hitch, possibly raise some cash and move forward as and when.

I once suggested 19Tcf and was called lots of names……… the top 10 gas fields all have more than 150 tcf, if GRH thinks and I quote ‘the unfurling of one of THE great hydrocarbon fields of the world’

If GRH is correct (I am convinced he is now ‘inside’ plus his spectral imaging Co providing very valuable intelligence) who am I to say he is wrong. HE MIGHT BE LIGHT YEARS AHEAD OF US.

But we still need to sort out the next 4 to possibly 8 weeks tech and delay.

What we do not want is stuff stuck in the mud, and have to side track or plug and abandon, fresh start, that would be many months delay and a big raise.

If GRH is correct, staggering amounts of gas (and oil)

MEM

Reg I am not sure what you are smoking but your suggestion of 14p SP would equate to a M/Cap of £890m given the 6.3 BILLION Shares.

If 2m OIP/Reserves, utilise $8 pb in the ground valuation, or about £11.5m M/Cap.

Go back to Ganja central.

Lets all wait and see

Clarity is required, because we simply do not know………

Ps The City detests lack of clarity, PG could easily have said ‘by the way PRD have sufficient funds for the delayed drill, testing of MOU - 1 and -2’

It is an obvious statement to make to restore confidence in the City and support SH….. CEO rule No 1 = Transparency of business practice.

We would then have reassurance, the fact we do not have that statement/reassurance makes me suspect the obvious, he is NOT in a position to make that statement……….

Hi Zebra, as usual no SH knows the timescales involved in testing MOU - 1, and correct me if I am wrong but the whole point of testing 1 and 2 was to provide redundancy for the CNG operation.

As for your question of why would we choose to raise at these levels, we are probably not choosing to at all, we are forced to !!

I will eat Charlottes hat if there is no raise /Placing in the next 4 weeks !

I am very sure to obtain the $1m back from the authority is not as simple as we have found gas and it flows.

If you look there is a long list of requirements, all laid out in the License, please ask the question of PG, it would be good to put him on the spot and ask what the preconditions are and when we might expect the $1m.

Dickson, your comment about buying at half price might come true again, if we Place !!

I am taking a contrary view, given the history of slipped timescales, lack of transparency and a great deal of unknowns.

PG stated 4 - 6 weeks, in other words no definite date, currently, probably for good reason, but he has a history of not updating the market when things slip, so I am already expecting 8+ weeks, given the state of slippages, difficulty in locating items in the oil/gas industry.

Costs are 100,000 USD per day, again ask what PG did not say ?? Has there already been increased costs due the slowdown in drilling rate, to eventually we reached less than 1m per hour, there will be a cost implication.

Likewise Lab testing, rather than the mud engineer as everyone thought, myself included. Cost implication.

Talk of MOU - 3 (with no current cash to undertake this) seems to me rather premature, we need a positive result from MOU - 1, plus completion of MOU - 2.

I now always ask myself WHAT PG DID NOT DISCLOSE, agreed sometimes he cannot disclose, other times he chooses not to, I always think ‘trust the management’ is OK up to a point, but there has to be Accountability to balance out that approach.

You will all scream I am changing my mind, two faced, I eat children and I am trying to lower the SP.

The city will decide what is fair value, I am of the opinion a Placing is on the cards, why ? Because PG could have ruled out a Placing, until we know, I will assume a Placing is coming and 3p is inbound.

If I am wrong, fantastic.

I do not always agree with Charlottes intense negative position, but she is right to at least raise the specter of not everything is done correctly. The words Corporate Governance come to mind along with Communication and ‘grey ops’

PG might be proven to be a very good geologist- but history so far shows he has a lack of Duty of Care to us mere mortals, the long suffering SH.

Let us see what the next 4 weeks bring.

MEM